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because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he believes that the government should tell you what kind of insurance you have to have. he believes that government should have a board of people that tell you what kind of care you can receive. my view is we fight for freedom in this country, i do not want an intrusive massive larger debt spending government that crushes the american dream. >> they like to call it obama care, well, let me tell you, i do care. i care about all the young people who are able to stay on their parents' plans now. i care about the seniors who are seeing lower prescription drug costs. i care about folks
because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he...
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you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction there is, abolish them all and that adds up to $5 trillion. >> no, i don't agree with you on that. the tax policy center you're referring to is incomplete and they've revised it since then. >> i'm not just referring to that analysis. >> governor romney did talk about how he would eliminate some deductions. he would have a bucket that he would fill up. >> what was he saying was in that bucket? let's make up a number. here is what the number is. >> he said it could be $50,000, if you capped deductions at $50,000, you're not even in the ballpark of $5 trillion. >> it was not a specific what are the actual loop holes. i think that wa
you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction...
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Oct 3, 2012
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these businesses grow. >> mitt romney's message is to get rid of the wind production tax credit. well, that's big here because we've got t.p.i. and trinity both producing wind turbines and wind towers, and that's a critical factor for us to keep those plants moving past 2013. >> reporter: o. kay henderson says these single issue voters add up quickly in such a small state. >> if iowa does again come down to a few thousand votes, these sort of narrow cast issues can have a huge effect. and so that is why you see the obama campaign pushing this so hard, because the wind energy industry has about 7,000 or 8,000 workers in iowa. >> reporter: then there is the fight in plain sight-- the >> romney would jeopardize thousands of jobs and knock the wind out of iowa's economy. >> a prairie fire of debt is sweeping across the nation. >> reporter: the negative ads are on >> reporter: the negative ads on almost every channel, every night. >> i mean, it's almost-- the ads border on being vulgar. >> reporter: steve bump has run a fireplace business in the des moines suburbs for 38 years, he kno
these businesses grow. >> mitt romney's message is to get rid of the wind production tax credit. well, that's big here because we've got t.p.i. and trinity both producing wind turbines and wind towers, and that's a critical factor for us to keep those plants moving past 2013. >> reporter: o. kay henderson says these single issue voters add up quickly in such a small state. >> if iowa does again come down to a few thousand votes, these sort of narrow cast issues can have a huge...
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Oct 9, 2012
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who will raise taxes on the middle class? according to an independent, non-partisan stud barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hikeke on the middle class." want proof? read the no-partisann study for yoursf at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. >> jimmy: our friend alanis morissette was here recently and she's involved in a very special project that helps millions of parents of children around the world. she's asked for our help to spread the word about this worthwhile endeavor, so before we start the show, here's a word from alanis morissette. >> hi, when my son was born my life changed forever. it really put things in perspective. the parties, fame, the reckless debauchery and self-destruction. there was no way i was giving that up. >> patented helping parents 2 rock system has been a rock star's secret
who will raise taxes on the middle class? according to an independent, non-partisan stud barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hikeke on the middle class." want proof? read the no-partisann study for yoursf at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. >> jimmy: our...
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Oct 7, 2012
10/12
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a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk about the deductions and more detail. he's going to need to be prepared with barack obama to come out with this stuff. independent voters are listening. generally independent voters do not like muscling from left to right and right to left. what they're interested in it is solutions. if president obama is going to pick on mitt romney he better well have some forward thinking and explain what he's going to do differently the next four years to make him wore thif of getting reelected. if they are the same policies that 114,000 jobs a month is
a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk...
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Oct 4, 2012
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running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a voucher program. >> and you don't support that? >> i don't. and let me explain why. >> again, that's for future people, not current retirees. >> so if you're 54 or 55, you might want to listen because this, this will affect you. >> reporter: still, romney seemed to control many of the back and forths, even the lighter moments. >> i apologize, mr. president, i use that term with all respect. >> i like it. >> good. >> the difference in their debate demeanors was most evident during the closing statements. >> you know, four years ago we were going through a major crisis. and yet, my faith and confidence in the american future is undiminished. >> th
running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a voucher program. >> and you don't support that? >> i don't. and let me explain why. >>...
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Oct 5, 2012
10/12
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the share of taxes paid by high income people. >> however, independent fact checkers say romney's tax plan does add up to nearly $5 trillion over ten years and would give the biggest breaks to the highest earners. the same groups say the president is using fuzzy math. especially his claim of $4 trillion of deficit reduction. romney made a point he'd cut the budget for pbs, even to the and moderator, jim lehrer from pbs. >> i like pbs, big bird, you, too, but i'm not going to keep on spending money. >> i want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on sesame street. >> the debate was civil. but today a key romney surrogate said this. >> what people saw last night was a president that revealed his incompetencies, how lazy and detached he is. >> did you really mean to call barack obama lazy? >> he didn't want to prepare for this debate. he's lazy and disengaged. >> now, the pressure is on paul ryan and joe biden in a debate next week. >> i don't want to say anything in the debate that's not completely accurate. >> and th
the share of taxes paid by high income people. >> however, independent fact checkers say romney's tax plan does add up to nearly $5 trillion over ten years and would give the biggest breaks to the highest earners. the same groups say the president is using fuzzy math. especially his claim of $4 trillion of deficit reduction. romney made a point he'd cut the budget for pbs, even to the and moderator, jim lehrer from pbs. >> i like pbs, big bird, you, too, but i'm not going to keep on...
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Oct 6, 2012
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taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign acknowledged that tax cut would not be nearly 5 trillion dollars, it's something that the president repeated in cleveland. >> we put two wars a two tax cuts on a credit card. we didn't pay for them. now, mr. romney wants another 5 trillion dollars in tax cuts that he can't pay for. we're not going to let that happen. we are not going to fall backward, not with so much at stake. >> reporter: governor romney answering in the ad wars, as well. a new ad featuring melanie mack that mara that voted for president obama back in 20
taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign...
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been saying a lot of things about his proposals that just aren't true-- like that he's going to raise taxes on the middle-class. he says that will end at tonight's debate. his aides say he'll try to prosecute the case on the economy against the president, scott, saying point blank "this economy cannot afford four more years of president obama." >> pelley: thanks, jan, also covering the debate is our cbs news political director john dickerson. john, what are the pitfalls that are facing the candidates possibly? >> for governor romney, he's got two jobs: one is to say why the president has failed and the second is to sell himself. to do that job, he has to be aggressive, kind of in the president's face. for the second job he has to offer something people find attractive so the challenge for him is getting the mix right. the challenge for the president is staying on script, talking about how he has been working for the middle-class and not getting knocked off by governor romney who he doesn't have a great deal of personal regard for. so he has to not look defensive. >> pelley: john, thank you
been saying a lot of things about his proposals that just aren't true-- like that he's going to raise taxes on the middle-class. he says that will end at tonight's debate. his aides say he'll try to prosecute the case on the economy against the president, scott, saying point blank "this economy cannot afford four more years of president obama." >> pelley: thanks, jan, also covering the debate is our cbs news political director john dickerson. john, what are the pitfalls that are...
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on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on those regulations, dodd-frank, the new rules meant to prevent another financial collapse, romney often simply says -- >> i've got other things to do. we've got to repeal dodd-frank. >> reporter: but last night? >> you have to have regulation and there's some parts of dodd-frank that make all the sense in the world. >> reporter: and on the president's health care law, romney usually simply says this. >> if your priority is jobs, you got to get rid of obama care, and i will. >> reporter: but last night, when asked what he would replace it with? >> in fact, i do have a plan that deals with people with pre-existing
on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on those regulations, dodd-frank, the...
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[video clip] >> my tax plan has lowered taxes for 98% of families, but i also lowered taxes for small businesses 18 times. what i want to do is continue the tax rates, the tax cuts we put into place for small businesses and families, but i have said for incomes over $250,000 per year that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through small businesses that we're able to make the investments that are necessary in indication our energy. host: president obama wednesday night at the first debate. alan viard. guest: there are a few things i would take issue with. the bush tax cut to expire for the high income levels and we would be going back to the rate prevailed under president clinton. that is not quite right. there will be a new tax called the unearned medicare income tax will impose an extra 3.8% on interest, dividends, and capital gains. that will be 3.8% higher than clinton tax rates. there will also be a medicare tax will incre
[video clip] >> my tax plan has lowered taxes for 98% of families, but i also lowered taxes for small businesses 18 times. what i want to do is continue the tax rates, the tax cuts we put into place for small businesses and families, but i have said for incomes over $250,000 per year that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through...
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they cut taxes 19 times. they balanced the budget and got a rainy day fund and upgraded their credit rating in massachusetts. they brought unemployment down to 5.7%. and that's in sharp contrast. we've had our national credit rating downgraded as a result of president obama's policies. he's not worked across the aisle and we've had unemployment go up as a result of his policies. >> gretchen: although president obama's biggest critique of your candidate is that there simply are not enough details in his plan. so how do you respond to that criticism? >> you heard a lot of details from governor romney last night. in fact, he's been going across the country talking about the romney plan for a stronger middle class and talking about the details. i think people saw that last night. i think what they did not see from president obama was an agenda for a second term should he be reelected. but we know that it would be more of the same. if you like the last four years, you would love the next four years under president
they cut taxes 19 times. they balanced the budget and got a rainy day fund and upgraded their credit rating in massachusetts. they brought unemployment down to 5.7%. and that's in sharp contrast. we've had our national credit rating downgraded as a result of president obama's policies. he's not worked across the aisle and we've had unemployment go up as a result of his policies. >> gretchen: although president obama's biggest critique of your candidate is that there simply are not enough...
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this is a-- this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states and this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the middle class? according to an independent, nonpartisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. >> reporter: now, after the debate, his key advisers, eymney's key advisers, said they thre surprised the president didn't put up more of a fight. one told me they were ready for some of these attacks on bain capital. romney's comment about the 47% of americans who don't pay federal income taxes. raose have featured prominently in the president's attack ads. last night, scott, he didn't mention either one. >> pelley: jan, thank you. ace preside
this is a-- this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states and this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the...
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this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> earlier in the week, vice president biden had said the middle class has been buried for the past four years. the issue they came closest to agreeing on, social security. the candidates here last night also sparred on other issues, including job creation, deficit reduction and health care. >> the presidential candidates will next square off on october 16th in long island. the second debate will take place on the campus of hofstra university, and it will be in the format of a town hall meeting. that means undecided voters will ask the questions. the candidates will focus on foreign and domestic policy. we've learned that first lady michelle obama will make another trip to virginia next week to campaign for her husband. she will visit loudoun county on tuesday, october 9th. we'll pass along additional details as they become available. the announcement highlights just how important northern virginia is in the race for the white house. tomorrow president obama will b
this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> earlier in the week, vice president biden had said the middle class has been buried for the past four years. the issue they came closest to agreeing on, social security. the candidates here last night also sparred on other issues, including job creation, deficit reduction and health care. >> the presidential candidates will next square off on october 16th in long island. the second debate will take...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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tax reform is hard. the tax code will be00 years old less year and we have had less than a handful of comprehensive reforms as a going-in proposition, it's hard to do. >> i have sympathy for what doug said as well. however here's the thing i watched the debate with a bunch of students out of notre dame university and there was a ton of head scratching going on. i want to quote some of the things the governor said. >> brown: it's a good school so there should be smart students. >> he said "i will not reduce the taxes paid by high income americans. i will not reduce the taxes paid by high income americans." now this is a guy who's going around saying i'm going to have a very large tax cut. >> brown: what does that mean, do you think there? >> what it means is that mitt romney makes a real distinction between cuts in tax rates and cuts in tax liability cuts in what you have to pay the i.r.s. what he's saying is to the wealthy folks we'll cut your rates but raise your deductions so your taxes will be the sam
tax reform is hard. the tax code will be00 years old less year and we have had less than a handful of comprehensive reforms as a going-in proposition, it's hard to do. >> i have sympathy for what doug said as well. however here's the thing i watched the debate with a bunch of students out of notre dame university and there was a ton of head scratching going on. i want to quote some of the things the governor said. >> brown: it's a good school so there should be smart students....
WHUT (Howard University Television)
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. >> the president counterpunched on tax and spending, insisting romney would serve only the wealthiest americans. >> budgets reflect choices. we will have to make decisions. if we are asking for no revenue, then that means we have to get rid of a whole bunch of stuff and the magnitude of the tax cuts you are talking about, governor, would result in severe hardship for people, but more importantly, it would not help us grow. >> for much of the debate it was a talented who appeared more relaxed, more animated, even when cut short by the moderator. >> we are way over our first 15 minutes. >> the smile of a man enjoying himself. and then helped year, the president owes its signature a form which mitt romney wants to undo. >> i don't know how the president could have come into office facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table, and spend his energy and passion if fighting for obamacare for two years instead of fighting for jobs for the american people. it has killed jobs. >> if you appeal obamacare, and have become fond of the term, if
. >> the president counterpunched on tax and spending, insisting romney would serve only the wealthiest americans. >> budgets reflect choices. we will have to make decisions. if we are asking for no revenue, then that means we have to get rid of a whole bunch of stuff and the magnitude of the tax cuts you are talking about, governor, would result in severe hardship for people, but more importantly, it would not help us grow. >> for much of the debate it was a talented who...
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Oct 10, 2012
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the imf urged japan to raise taxes and cut spending. he said government leaders need to take into account how that might affect the cost of social security and whether it might hinder economic growth. italy's central bank governor ignacio visco said european leaders face budget struggles of their own and they, too, worry about slower growth. now, the panelists said government and commercial banks have become closer in recent years. they said they need to prevent the risks faced by countries from spreading to the banking sector. christian from the central bank said a european banking union could break the link between governments and financial institutions and provide some protection. >>> well, indonesia's minister of finance navigated through the risks and she helped steer that country through the transition to democracy and now she's helping other countries implement their reforms as managing director of the world bank. some regions that are developing the fastest are actually seeing some of the worst cases of poverty, significant port
the imf urged japan to raise taxes and cut spending. he said government leaders need to take into account how that might affect the cost of social security and whether it might hinder economic growth. italy's central bank governor ignacio visco said european leaders face budget struggles of their own and they, too, worry about slower growth. now, the panelists said government and commercial banks have become closer in recent years. they said they need to prevent the risks faced by countries...
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lucky enough to have them, my view is if you're making $200,000 a year and less, you should pay no tax whatsoever on interest, dividends or capital gains. -- in this country associated with agricultural exports. over the last four years, the president has signed no new trade agreements with any nation around the world. even as china and european nations have put together some 44 different agreements, he's done none. what i'm going to do is make sure that i devote my time to getting trade promotion authority, that i use that authority to negotiate new deals so we open up new markets for american farms an american goods because we can compete on a level playing field with anyone in the world. now there are differences on regulations by the way. and you know this. the regulatory burden under this administration has gone crazy. the president's regulations as it relates to farming are kind of interesting. one is the epa tried to get into -- well, the government tried to get into regulating rainwater in ditches on farms. it used to be that there was rainwater in iowa and people cared about t
lucky enough to have them, my view is if you're making $200,000 a year and less, you should pay no tax whatsoever on interest, dividends or capital gains. -- in this country associated with agricultural exports. over the last four years, the president has signed no new trade agreements with any nation around the world. even as china and european nations have put together some 44 different agreements, he's done none. what i'm going to do is make sure that i devote my time to getting trade...
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mitt romney talked about his tax plan. the president was trying to say was that you can't have a program of tax cuts and also increase in defense spending that adds up without drastic spending cuts. and that's one of the things people will be going after with mitt romney. also his claims about his health care plan and medicare. again, how exactly his plan would work out. but i think in particular, the question of the taxes and the budget and how that would affect people, when really put into pla place, that will be the main fact checking going forward. >> certainly both sides of this campaign, and there's certainly stuff in the papers today analyzing things that obama said that were untrue and what romney said were untrue. everybody has to take a fine tooth comb through the paper to go through that this morning. let's talk about romney's tax cut plan. he wants to cut everyone's rates by 20%. is it true that that would cost $5 trillion, yes or no? well, the question is, how do you shape it? the question for romney is not ne
mitt romney talked about his tax plan. the president was trying to say was that you can't have a program of tax cuts and also increase in defense spending that adds up without drastic spending cuts. and that's one of the things people will be going after with mitt romney. also his claims about his health care plan and medicare. again, how exactly his plan would work out. but i think in particular, the question of the taxes and the budget and how that would affect people, when really put into...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> ah, the bay area teams stay alive in baseball's playoff. we're going to start with oakland against detroit. ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night when he jumped at the wall and caught prince fielder's blast. take another look at it. there it is. the a's used great fielding and pitching to shut out the tigers, 2-0. the team will play game four of their series tonight. detroit leads 2-1. >>> the giants and the reds went to extra innings in cincinnati. reds' third baseman scott rolen bobbled a grounder. there it is, allowing buster posey to score. the giants took a 2-1 lead into the bottom of the tenth and then held on to win the game. the reds host the giants this afternoon, leading the series 2-1. >>> ben balt competes like any other boy, even com
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> ah, the bay area teams stay alive in baseball's playoff. we're going to start with oakland against detroit. ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night...
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you were talking tax and medicare and the shifting of tremendous of dollars this way -- trillions of dollars this way and that way. it was the messenger rather than the message and that is how politics is. has been since the days of washington. >> it's true. we'll find out more about the vice presidential debate coming up later on this week and what we can expect in our next half hour. meantime, a double disappointment yesterday for bay area baseball fans. >> you would have to bring that up. >> but, local college football teams on each side of the bay bounced back with double wins. here's more. >> reporter: good morning, everybody. am i going see everybody at the 49er-bills game? i better. it's on cbs 5, post quarter show following that game. and staying for football yesterday. got huge wins at carolina state. we're talking about the baseball play-off. brandon phillips take matt cane deep. the nlds game one last night, the reds were up 2-0. up 5-2. ties run and buster piecey in the 9th and -- buster posey in the 9th and ends it. later on the day, what about the as? they're in detroit
you were talking tax and medicare and the shifting of tremendous of dollars this way -- trillions of dollars this way and that way. it was the messenger rather than the message and that is how politics is. has been since the days of washington. >> it's true. we'll find out more about the vice presidential debate coming up later on this week and what we can expect in our next half hour. meantime, a double disappointment yesterday for bay area baseball fans. >> you would have to bring...
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taxes going up? >> no, i think there are -- i think they -- if they done go up in moderation that capital formation in the united states will change dramatically. >> it could be hurt if it goes up too much? >> well, that's why i was referring to the column because andrew wrote a column in which he was very insightful about the fact that, you know, it's a good time to buy high-end real estate in paris because everybody who lives there is running out the door. >> right. >> and by the way, there are implications in turn in the united states about the way this construct is going. because if you think about it for a minute, high tax states like new york, new jersey, connecticut, that's a lifestyle choice. >> right. people can like europe and say i'm going to london, i'm not paying these things, people can come and move out of new york. >> go to a different state. >> u.s. versus the rest of the world statement. i got a number of e-mails that said, and i think i mentioned in the column, if you move to paris
taxes going up? >> no, i think there are -- i think they -- if they done go up in moderation that capital formation in the united states will change dramatically. >> it could be hurt if it goes up too much? >> well, that's why i was referring to the column because andrew wrote a column in which he was very insightful about the fact that, you know, it's a good time to buy high-end real estate in paris because everybody who lives there is running out the door. >> right....
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romney again said that he would eliminate the estate tax, the so-called death tax and went further as he has on occasion during this campaign to say that he would eliminate capital gains and interest in dividends taxes on the middle class. all in an attempt to spur the economy. shep. >> shep: carl, what's the thinking on governor romney's bounce in the polls since that first big debate? >> they are very pumped here. the romney campaign is quite excited. they say there is more to come. they're building and talking about their ground game, grassroots, 4 million people have been contacted here in ohio alone. 4 1/2 million. that's more than a third of the overall population. the polls have ticked up. romney has closed the gap, leading in some of the national polls, within the mar i didn't know of error, and in most of the battle ground states, he's either closed the gap and in a couple of cases, gone up by a point or two. these are swings in the polls. he's eliminated any bounce the president had gotten from his convention with the own bounce he got last week. with the vice presidential d
romney again said that he would eliminate the estate tax, the so-called death tax and went further as he has on occasion during this campaign to say that he would eliminate capital gains and interest in dividends taxes on the middle class. all in an attempt to spur the economy. shep. >> shep: carl, what's the thinking on governor romney's bounce in the polls since that first big debate? >> they are very pumped here. the romney campaign is quite excited. they say there is more to...
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the tax plan he described is the tax plan i was asked to support i would say absolutely not. i'm not looking for a $5 trillion tax cut. >> he's been running on this tax plan for 18 months and now five weeks before the election he's saying that his big bold idea is never mind. >> reporter: the theme of the debate for president obama appeared to be romney's plan lacked specifics. >> the reason that governor romney is keeping all these plans to replace secret because they are too good? >> reporter: mitt romney spent most of the night attacking the president's record. >> you've been president for four years. you said you would cut the deficit in half. it's now four years. >> reporter: romney came into the debate trailing in the polls but that could change. >> any time a challenger stands on the stage with a president in the first debate they tend to get some bounce after that. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe romney was the clear winner of this debate. if it was a boxing match it would have bee
the tax plan he described is the tax plan i was asked to support i would say absolutely not. i'm not looking for a $5 trillion tax cut. >> he's been running on this tax plan for 18 months and now five weeks before the election he's saying that his big bold idea is never mind. >> reporter: the theme of the debate for president obama appeared to be romney's plan lacked specifics. >> the reason that governor romney is keeping all these plans to replace secret because they are too...
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him on substance. i think he got the better of the exchange regarding the facts and the policy. but for the obama campaign to put the spokesman on and i'm sure she is doing her best and not to admit he had a bad night and to say we ought to do fact check when the fact checkers have rated obama's ads with four pinocchios. the way to do this is to say look at governor romney. smile, be gracious. don't look down and take notes while a man is talking to you. it's as simple as admitting he had a bad night. but on policy and substance i'm still voting for him. i know she doesn't believe she was sayin
i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him...
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the feds have just charged more than 90 people with trying to steal our tax dollars. the suspects are accused of taking part in medicare schemes that submitted nearly $430 million in fraudulent billing. doctors and nurses among the suspects. the assistant attorney general lanny brewer explained how one scheme in houston allegedly took advantage of mental patients. >> these defendants have allegedly bribed medicare beneficiaries with cigarettes, food and coupons instead of giving these beneficiaries real medicare care, hospital owners and operators allegedly plunked them in front of the television and billioned medicare on their behalf. >> the feds made similar accusations against suspects in a total of seven cities, all across the united states. well, fbi agents today finally inspected the scene in libya where militants three weeks ago killed the u.s. ambassador and three other americans. according to the fbi, agents visited the u.s. consulate in benghazi and left a short time later. the associated press reports the agents and several dozen u.s. special operations for
the feds have just charged more than 90 people with trying to steal our tax dollars. the suspects are accused of taking part in medicare schemes that submitted nearly $430 million in fraudulent billing. doctors and nurses among the suspects. the assistant attorney general lanny brewer explained how one scheme in houston allegedly took advantage of mental patients. >> these defendants have allegedly bribed medicare beneficiaries with cigarettes, food and coupons instead of giving these...
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go ahead with the tax. and they twawant to curb speculative trading and raise revenues for crises that might pop up. finance ministers from spain, italy, slovakia and estonia all threw their weight behind the plan. that brought the number of supporting countries to 11. but european union representatives from britain and netherland are opposed. and won't be implementing the tax. european commission officials say they will propose common rules on the tax when the finance ministers meet again next month. >>> top officials from world of finance, of course, when people at the meetings look around. they might notice some of the colleagues are absent. the finance min steshgs governme -- minister will not attend, many believe the chinese are protesting. conference officials say finance minister, xuchlt ren and governor of the bank of china, xiaochuan will skip the event. saying zhou had a scheduling confli conflict. reporting the nation's deputy bank governor and finance minister will lead the delegation. represent
go ahead with the tax. and they twawant to curb speculative trading and raise revenues for crises that might pop up. finance ministers from spain, italy, slovakia and estonia all threw their weight behind the plan. that brought the number of supporting countries to 11. but european union representatives from britain and netherland are opposed. and won't be implementing the tax. european commission officials say they will propose common rules on the tax when the finance ministers meet again next...
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that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a brutal civil war that's killed an estimated 30,000 people since march of last year. for more on this potentially explosive situation along the border, we turn to nbc's amon. he's live on the phone from turkey. reset this story for us, if you would, this morning. what happened initially, and where are we now? >> reporter: well, it began on wednesday afternoon when the syrian military essentially fired on this town that was on the syrian side of the border, but according to some, they overshot. one of the mortars landed in the turkish town
that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a...
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mitt romney talked about his tax plan. what the president was trying to say was you can't have a program of tax cuts and also increase in defense spending. that adds up. without drastic spending cuts. that's one of the things people will be going after mitt romney. also his claims about health care plan and medicare, how his plan would work out. i think in particular the question of the taxes and the budget and how that would affect people it will really put into place that will be the main fact checking question going forward. >> john, i feel facts has been one of the casualties in this campaign, certainly both sides. there's stuff in papers analyzing what obama said that was untrue and what mitt romney said that was untrue. let's talk about mitt romney's tax plan. he wants to cut everyone's rate by 21%. is it true that that would cost $5 trillion? yes or no? >> reporter: well the question is how do you shape it? the question for romney is not necessarily that he's telling an untruth it's that he's not giving us any of th
mitt romney talked about his tax plan. what the president was trying to say was you can't have a program of tax cuts and also increase in defense spending. that adds up. without drastic spending cuts. that's one of the things people will be going after mitt romney. also his claims about health care plan and medicare, how his plan would work out. i think in particular the question of the taxes and the budget and how that would affect people it will really put into place that will be the main...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> joining us, the democratic strategist hilary rosen and republican strategist john feri. seeing a softer side of mitt romney, telling personal stories we haven't heard him do in the past. let me play a little clip. >> so i put my hand on his shoulder and i reached over and i said, billy,
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the...
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mitt romney said he would the no raise taxes to pay for his tax cuts. he said he was going to cut spending. even said that there would be a grade. he will not borrow money to pay for a program. he said he would cut pbs and big bird. he was very specific about what he would do. in certain places though romney questioned obama and obama just looked at him, when obama said basically you get a tax cut or a tax deduction for moving jobs overseas. mitt romney said i've been in business last 25 years, i don't know what you're talking about. basically obama was vague last night. but romney came with specifics. jon: cory, you described the debate as being sort of very specific and bordering on wonky but isn't that what people are looking for right now? aren't they looking for specifics and numbers and ideas here? >> i think you're absolutely right about that. always interesting to me tv commentators and others complain how debates and political discourse is boring and turning american people off whether this is exactly the time they should pay close attention. w
mitt romney said he would the no raise taxes to pay for his tax cuts. he said he was going to cut spending. even said that there would be a grade. he will not borrow money to pay for a program. he said he would cut pbs and big bird. he was very specific about what he would do. in certain places though romney questioned obama and obama just looked at him, when obama said basically you get a tax cut or a tax deduction for moving jobs overseas. mitt romney said i've been in business last 25 years,...
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. >> today, the supreme court was taxed with deciding just how far colleges and universities can go, if at all, when it comes to factoring rates into their admissions decision. abigail fisher said that she didn't get into the university of texas at austin, claiming that let's are qualified minorities were given preference over her simply because she is white. >> i hope that the court rules that as soon as race and ethnicity should not be a part of admission. reporter: as i understand their position, race is balanced against other issues, like socioeconomics, the strength of the classes people tell, it is never a standalone. >> we have made a great deal of progress on our campus and throughout the united states. >> something to the university struggles to identify with today despite numerous questions like this one from the chief justice, john roberts. what is the logical endpoint, when will i know that you have reached a critical point? the court could narrowly decide this case. this one from the university of texas at austin, where they could take a bolder step and actually go back
. >> today, the supreme court was taxed with deciding just how far colleges and universities can go, if at all, when it comes to factoring rates into their admissions decision. abigail fisher said that she didn't get into the university of texas at austin, claiming that let's are qualified minorities were given preference over her simply because she is white. >> i hope that the court rules that as soon as race and ethnicity should not be a part of admission. reporter: as i...
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you're still raising taxes on the middle class. even his own economists that he relies on says you can't cut taxes by $5 trillion out paying for it by cutting deductions for people making $200,000 and less. that's just a fact. you can't do it. even if you close every single deduction for people making over $200,000, or $250,000 for families, you're still a trillion short. so he has to tell us how he will do this without increasing taxes on the middle class. so far the math does not add up. >> vice president biden said they have been buried. and they are jumping all over this, listen here to senator marco rubio. >> those are not my words. those happen to be the words of the distinguished vice president of the united states, mr. joe biden. don't boo, he is the best thing we have going, guys. don't boo. because in a moment of clarity, in a brief moment of clarity, he said what we knew. >> gaffe or no gaffe, and you will tell me it's not, isn't it still a problem for the president? >> no. you know, i heard senator rubio, and i heard th
you're still raising taxes on the middle class. even his own economists that he relies on says you can't cut taxes by $5 trillion out paying for it by cutting deductions for people making $200,000 and less. that's just a fact. you can't do it. even if you close every single deduction for people making over $200,000, or $250,000 for families, you're still a trillion short. so he has to tell us how he will do this without increasing taxes on the middle class. so far the math does not add up....
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governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new ammunition from vice president biden and comments yesterday about the middle class. >> how can they justify raising taxes on the middle class which has been buried the last four years. >> an obama advisor defended the vice president saying it is the republican policies that hurt the middle class in the first place. the romney campaign targeting the comment in a brand new ad already. we will show you that in a minute. a new nbc and the "wall street journal," parent company of this network. shows the president ahead 49 percent to 46 percent which is in the margin of error. in the states, it is a different coverage. we have carl cameron with the romney camp and now ed henry on what wet tonight. >>reporter: the president is on the way to denver. think how
governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new ammunition from vice president biden and comments yesterday about the middle class. >> how can they justify raising taxes on the middle class which...
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he publishes his tax returns on the internet. >> is this a big deal or just a storm in a teacup? our chief political correspondent joins us now. thanks for joining us. there is no suggestion whatsoever that steinbruck has done anything wrong or broken any rules. what is the fuss about? then a two things, really. there is a legitimate concern about influence and susceptible -- susceptibility to lobbying, which goes back to the fact that many of these clients with which he worked were banks and financial institutions. steinbruck has said it becomes chancellor he wants to regulate banks more closely. some people are asking the quite legitimate question -- how freely could he do so if some of them are the very same kinds with which he has been having high-paid speaking engagement? that is the one side. the other is party politics. the fact is that the christian democratic president stepped down after a great deal of pressure from the opposition over various business dealings that he had made. there were concerns about illegitimate influence there as well. this may be partly a tit-for
he publishes his tax returns on the internet. >> is this a big deal or just a storm in a teacup? our chief political correspondent joins us now. thanks for joining us. there is no suggestion whatsoever that steinbruck has done anything wrong or broken any rules. what is the fuss about? then a two things, really. there is a legitimate concern about influence and susceptible -- susceptibility to lobbying, which goes back to the fact that many of these clients with which he worked were banks...
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>>reporter: governor romney took aims at president obama's plan to raise taxes on wealthy americans by $1 trillion saying that hits the small job market unduly hard and could result in 700,000 jobs simply evaporating. >>trace: we mention governor romney's second battle ground state the day. how is he tailoring the message to the different communities he is visiting? >>reporter: when he comes to st. petersburg area on the west coast of florida he will talk about medicare. it is an important issue through the entire state of florida. early today in virginia he was in coal country meeting with out of the work coal miners talking about what he sees his vision for coal versus president obama's vision. governor romney has been critical of the coal in the past but insists he is a friend and says president obama would be hostile. here is governor romney in virginia. >> the ahead of the epa has said the regulations on burning coal are so stringent it is impossible do build a new coal-powered plant. i don't believe putting our coal under the ground forever but we should take advantage of it and
>>reporter: governor romney took aims at president obama's plan to raise taxes on wealthy americans by $1 trillion saying that hits the small job market unduly hard and could result in 700,000 jobs simply evaporating. >>trace: we mention governor romney's second battle ground state the day. how is he tailoring the message to the different communities he is visiting? >>reporter: when he comes to st. petersburg area on the west coast of florida he will talk about medicare. it is...